Daily Pivots: (S1) 1.2173; (P) 1.2211; (R1) 1.2270; More… Intraday bias in GBP/USD stays on the upside at this point. Rise from 1.1840 should target a test on 1.2445 high. Decisive break there will resume Read more…
Daily Pivots: (S1) 0.9242; (P) 0.9279; (R1) 0.9303; More… Range trading continues in USD/CHF and intraday bias remains neutral for the moment. Outlook stays bearish as long as 0.9407 resistance holds. Break of 0.9165 will Read more…
Daily Pivots: (S1) 127.07; (P) 128.25; (R1) 129.04; More… Intraday bias in USD/JPY remains on the downside at this point. Current fall from 1.151.93 in progress for 61.8% projection of 151.93 to 133.61 from 138.16 Read more…
Yen firms up against Dollar in Asian session today, after PPI report adds more bullets for BoJ to start tweaking monetary policy. Investors in Japan are also feeling the risk of stimulus exit, and push Read more…
Japan PPI rose 10.2% yoy in December, accelerated from 9.7% yoy, above expectation of 9.5% yoy. The reading topped 10% handle for the second time in 2022, marking the second-largest gains on record, following the Read more…
Japan’s producer prices rose 10.2% y/y in December, which us well above the 9.5% forecast and 9.7% prior. It’s the second highest print since 1980, and just 1 percentage point below the 10.3% print set Read more…
While risk on-sentiment is supporting commodity currencies in general, Aussie has been outperforming others recently. Reacceleration in Australian consumer inflation as shown in last week’s November monthly CPI data suggests little room for RBA to Read more…
Bitcoin started the year strongly and regained 20k handle last week. Total market cap also surged past USD 400B level. The move followed overall risk-on sentiment, on expectations that Fed is ready to further slow Read more…
Key Highlights EUR/USD started a fresh increase above the 1.0800 resistance. A connecting bullish trend line is forming with support near 1.0820 on the 4-hours chart. GBP/USD started a fresh increase above the 1.2250 resistance Read more…